Gold has roughly $7 trillion outstanding. If Bitcoin were to replace gold and its market cap soared to $7 trillion, each Bitcoin would be worth around $333,333.

After all 21 million BTC have been mined, Blumer says Bitcoin’s transaction fees will increase but additional scaling solutions, like the Lightning Network, will create cheaper options for transacting Bitcoin.

Most of the activity will flow to scalable layer-two solutions, but Bitcoin’s awareness and liquidity will continue to compound

The crypto exchange Bitstamp has released an overview on Ripple gateways and IOUs, which allow businesses to issue and send tokens that are redeemable for a fungible asset such as the US dollar, gold or crude oil.